Xylem Inc. $XYL Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its holdings in Xylem Inc. by 14.7% during the 1st quarter, selling 22,739 shares and holding approximately 132,223 shares, valued at $15.8 million.
• Analysts have varying ratings for Xylem, with TD Cowen raising its target price to $130 and six analysts assigning a Buy rating, while the stock maintains an average target price of $152.29.
• Xylem recently declared a quarterly dividend of $0.40, set to be paid on September 25th, with a dividend yield of 1.1%.

Lansforsakringar Fondforvaltning AB publ decreased its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,223 shares of the industrial products company's stock after selling 22,739 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 0.05% of Xylem worth $15,795,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Xylem by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock valued at $3,465,122,000 after purchasing an additional 362,127 shares during the period. Royal Bank of Canada increased its position in Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after acquiring an additional 320,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Xylem by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after acquiring an additional 301,070 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Xylem by 689.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,708,963 shares of the industrial products company's stock valued at $443,074,000 after acquiring an additional 3,239,203 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Xylem by 2.9% in the 1st quarter. Northern Trust Corp now owns 3,362,993 shares of the industrial products company's stock valued at $401,743,000 after purchasing an additional 94,560 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

XYL traded down $0.60 during trading on Wednesday, reaching $139.76. 300,529 shares of the stock were exchanged, compared to its average volume of 1,447,062. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The business's 50 day moving average price is $136.63 and its two-hundred day moving average price is $127.00. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33. The company has a market capitalization of $34.02 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 2.45 and a beta of 1.09.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Xylem has set its FY 2025 guidance at 4.700-4.850 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem's payout ratio is currently 41.56%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Cowen restated a "hold" rating on shares of Xylem in a research report on Tuesday, August 26th. TD Cowen lifted their target price on shares of Xylem from $125.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $152.29.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.